Event Trust Funds

  • The Event Trust Funds program applies local and state gains from sales and use, auto rental, hotel and alcoholic beverage taxes generated over a specified period of time.  Eligible events are not restricted to sports, but the venue must have been selected through a highly competitive selection process.

    The Event Trust Funds can be used to help pay costs related to preparing for or conducting an event, including equipment, or to pay principal and interest on notes used to build or improve facilities to host the proposed event.  One hundred percent of allowable expenses can be funded provided sufficient tax receipts are deposited in the trust fund. The state has three separate event trust fund programs (the Events Trust Fund, Major Events Reimbursement Program and Motor Sports Racing Trust Fund), each designed to support different types of events.

    View the Event Trust Funds Award database (as of November 30, 2016) of ETF/MERP/MSRTF Application Approvals and Disbursements since September 1, 2015. Updates will occur monthly.

    For more information, please contact the Economic Development Finance department within the Economic Development and Tourism (EDT) Office at eventsfund@gov.texas.gov or (512) 936-0100.

  • The Motor Sports Racing Trust Fund applies local and state gains from sales and use, auto rental, hotel and alcoholic beverage taxes generated over a 30-day period from a race conducted at a temporary circuit.

    The Motor Sports Racing Trust Fund can be used to help pay costs related to preparing for or conducting the event, including equipment, or to pay principal and interest on notes used to build or improve facilities to host the event.  One hundred percent of allowable expenses can be funded provided sufficient tax receipts are deposited in the trust fund. 

    For more information, please contact the Economic Development Finance department within the Economic Development and Tourism (EDT) Office at eventsfund@gov.texas.gov or (512) 936-0100.

    Statute

    Vernon’s Texas Civil Statutes, Article 5190.14 Sec 5B

    Program Rules

    Texas Administrative Code

    Application Packet

    Download Packet (Updated April 5, 2016)
    FAQs Read the FAQs about confidentiality and the Public Information Act here.

    Eligible Events

    Automobile Racing events sanctioned by the Automobile Competition Committee for the United States (ACCUS) and held at a temporary venue.

    Population Requirements

    No City or County size limitations

    Taxes Eligible

    • General Sales and Use (Tax Code, Ch.151)
    • Motor Vehicle Rental (Tax Code, Ch.152)
    • Hotel Tax (Tax Code, Ch.156)
    • Mixed Beverage (Tax Code, Ch.183)
    • Title 5 Alcoholic Bev. Code

    State Review/Approval

    EDT works with the applicant (city or county) to establish the amount of incremental tax gains resulting from the event – which is the basis of expense payment.

    Economic Impact “Window”

    30 Days

    Application Deadline

    120 days before the event 

    Obligations Allowed

    100% of allowable expenses
    Limited by fund deposits

    Allowable Expenses

    • Principal and interest on notes issued by an endorsing municipality or county that are used to improve, construct, renovate, or acquire facilities or to acquire equipment for the event.
    • Payment of costs relating to the preparations necessary or desirable for the conduct of the racing event and the payment of costs of conducting the racing event, including temporary improvements or renovations to facilities.

    Specific Use Limitations

    Cannot be used to solicit relocation of a professional sports franchise already located in Texas.

     

  • The Events Trust Fund applies local and state gains from sales and use, auto rental, hotel and alcoholic beverage taxes generated over a 30-day period from an event or series of events conducted no more than once annually.  Eligible events are not restricted to sports, but the venue must have been selected over others as a sole event site or the sole site in Texas and adjoining states.

    The Events Trust Fund can be used to help pay costs related to preparing for or conducting the event, including equipment, or to pay principal and interest on notes used to build or improve facilities to host the event.  One hundred percent of allowable expenses can be funded provided sufficient tax receipts are deposited in the trust fund. 

    For more information, please contact the Economic Development Finance department within the Economic Development and Tourism (EDT) Office at eventsfund@gov.texas.gov or (512) 936-0100.

    Statute

    Vernon’s Texas Civil Statutes, Article 5190.14 Sec 5C

    Program Rules

    Texas Administrative Code

    Application Packet

    Download packet  (Updated April 5, 2016)
    FAQs Read the FAQs about confidentiality and the Public Information Act here.

    Eligible Events

    An event or a related series of events held in this state for which a local organizing committee, endorsing county or endorsing city seeks approval from a site selection organization. 

    Population Requirements

    No City or County size limitations

    Taxes Eligible

    • General Sales and Use (Tax Code, Ch.151)

    • Motor Vehicle Rental (Tax Code, Ch.152)

    • Hotel Tax (Tax Code, Ch.156)

    • Mixed Beverage (Tax Code, Ch.183)

    • Title 5 Alcoholic Bev. Code

    State Review/Approval

    EDT works with the applicant (city or county) to establish the amount of incremental tax gains resulting from the event – which is the basis of expense payment.

    Economic Impact “Window”

    30 Days

    Application Deadline

    120 days before the event 

    Obligations Allowed

    100% of allowable expenses
    Limited by fund deposits

    Allowable Expenses

    • Principal and interest on notes issued by an endorsing municipality or county that are used to improve, construct, renovate, or acquire facilities or to acquire equipment for the event.
    • Payment of costs relating to the preparations necessary or desirable for the conduct of the event and the payment of costs of conducting the event, including improvements or renovations to facilities.
    • Estimates of state revenue may be reduced for events held in Texas on previous occasions.

    Specific Use Limitations

    Cannot be used to solicit relocation of a professional sports franchise already located in Texas.

  • The Major Events Reimbursement Program applies local and state gains from sales and use, auto rental, hotel and alcoholic beverage taxes generated over a 12-month period from certain major sporting championships or events to help pay for eligible costs incurred from hosting the event.

    Large and well-attended events have previously been funded, including the Super Bowl and the NCAA’s Final Four basketball championships.

    The program can be used to help pay for eligible costs related to preparing for or conducting the event, including equipment, or to pay principal and interest on notes used to build or improve facilities.  One hundred percent of allowable expenses can be funded provided sufficient tax receipts are deposited in the trust fund.

    For more information, please contact the Economic Development Finance department within the Economic Development and Tourism (EDT) Office at eventsfund@gov.texas.gov or (512) 936-0100.

    Statute

    Vernon’s Texas Civil Statutes, Article 5190.14 Sec 5A

    Program Rules

    Texas Administrative Code

    Application Packet

    Download Packet (Updated April 5, 2016)
    FAQs Read the FAQs about confidentiality and the Public Information Act here.

    Eligible Events

    • Super Bowl
    • National Collegiate Athletic Association Final Four tournament game
    • National Basketball Association All-Star Game, the X Games
    • National Hockey League All-Star Game, the Major League Baseball All-Star Game 
    • National Collegiate Athletic Association Bowl Championship Series or its successor or a National Collegiate Athletic Association Division I Football Bowl Subdivision postseason playoff or championship game
    • National Collegiate Athletic Association men's or women's lacrosse championships
    • World Cup Soccer game
    • World Cup soccer tournament
    • Major League Soccer All-Star Game
    • Major League Soccer Cup 
    • Professional Rodeo Cowboys Association National Finals Rodeo 
    • Elite Rodeo Association World Championship
    • United States Open Championship
    • World Games 
    • A national collegiate championship of an amateur sport sanctioned by the national governing body of the sport that is recognized by the United States Olympic Committee, 
    • An Olympic activity, including a Junior or Senior activity, training program, or feeder program sanctioned by the United States Olympic Committee's Community Olympic Development Program 
    • Amateur Athletic Union Junior Olympic Games 
    • Mixed martial arts championship, 
    • Breeders' Cup World Championships, 
    • Formula One automobile race, 
    • Moto Grand Prix of the United States, 
    • Academy of Country Music Awards, 
    • National Cutting Horse Association Triple Crown, 
    • National political convention of the Republican National Committee or the Democratic National Committee 
    • Presidential general election debate 
    • Largest event held each year at a sports entertainment venue in this state with a permanent seating capacity, including grandstand and premium seating, of not less than 125,000 

    Population Requirements

    No City or County size limitations

    Taxes Eligible

    • General Sales and Use (Tax Code, Ch.151)

    • Motor Vehicle Rental (Tax Code, Ch.152)

    • Hotel Tax (Tax Code, Ch.156)

    • Mixed Beverage (Tax Code, Ch.183)

    • Title 5 Alcoholic Bev. Code

    State Review/Approval

    EDT works with the applicant (city or county) to establish the amount of incremental tax gains resulting from the event – which is the basis of expense payment.  EDT will review the actual number of attendees to confirm the value to the state.

    Economic Impact “Window”

    One Year

    Application Deadline

    Not earlier than one year and not later than 45 days before the event 

    Obligations Allowed

    100% of allowable expenses
    Limited by fund deposits

    Allowable Expenses

    • Principal and interest on notes issued by an endorsing municipality or county that are used to improve, construct, renovate, or acquire facilities or to acquire equipment for the event.
    • Payment of costs relating to the preparations necessary or desirable for the conduct of the event and the payment of costs of conducting the event, including improvements or renovations to facilities.

    Specific Use Limitations

    Cannot be used to solicit relocation of a professional sports franchise already located in Texas.

    EDT is required under Section 5A(w) of Article 5190.14 (Vernon's Civil Statutes) to complete and post an economic impact study following the completion of an event eligible for disbursements from the Major Events Reimbursement Program. Below are the post event economic impact studies completed by the Office of the Governor.

    Below are the post event economic impact studies conducted by the Texas Comptroller of Public Accounts.